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Top Stocks Trends You Can Get Here.Sun, 31 Jan 2016 08:35:42 +0000enhourly1https://wordpress.org/?v=4.4Share of Technology Company Alibaba Group Holding Ltd (NYSE:BABA) States December Quarter 2015 Resultshttp://www.wsnewspublishers.com/share-of-technology-company-alibaba-group-holding-ltd-nysebaba-states-december-quarter-2015-results/1546508/
http://www.wsnewspublishers.com/share-of-technology-company-alibaba-group-holding-ltd-nysebaba-states-december-quarter-2015-results/1546508/#respondSun, 31 Jan 2016 08:35:42 +0000http://www.wsnewspublishers.com/?p=46508Alibaba Group Holding Ltd (BABA: NYSE)’s mission is to make it easy to do business anywhere. The organization is the biggest online and mobile commerce organization in the world in terms of gross merchandise volume. The organization stated its financial results for the quarter ended December 31, 2015.

“We had excellent results this quarter. We achieved impressive revenue growth as we are increasingly monetizing the user activity on our marketplaces, particularly on mobile devices. In this quarter, revenue grew 32% year-over-year and China retail marketplace revenue grew 35% year-over-year,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “Meanwhile, we generated strong free cash flow of US$3.7 billion this quarter. The fundamental strength of our core business gives us the confidence to invest in our planned priorities.”

Broader value proposition of China retail marketplaces – Our user base in terms of annual active buyers and mobile MAUs showed robust increase in the quarter. By the end of the December quarter, our annual active buyers grew to 407 million and December mobile MAUs grew to 393 million. This increase in users and our continued focus on merchant quality supported high-quality GMV growth of 23% year-over-year to RMB964 billion (US$149 billion) for the quarter, representing an absolute year-over-year improvement of RMB177 billion (US$27 billion).

Newly, consumers come to Taobao Marketplace and Tmall to browse for ideas, look for new trends, receive merchant and product updates, compare products, share shopping experiences and be entertained. Consumer actions on our platforms, such as browsing, reading product news feeds, searching, clicking, bookmarking and basketing, generate valuable data about user intentions. The value of such actions may not be captured by GMV, but the insights offered by these actions assist merchants build their brands, acquire and engage customers and promote sales. Brands and merchants do not merely acquire buyers for a one-time sale on our platform. They build relationships with consumers that deliver lifetime value in the form of repeat purchases and brand loyalty. This lifetime value creation extends beyond the online channel, as brands are also increasingly seeing positive and lasting effects on their entire business. Accordingly, brands are starting to embrace an integrated online and offline strategy, a trend we believe will be a key driver of our online marketing services revenue growth.

Monetization – User growth and rising user engagement on our China retail platforms have become important drivers of our long-term revenue increase as our marketplaces deliver a broader value proposition to sellers in addition to sales generation. As a result, the blended monetization rate of our China retail marketplaces reached 2.98% in the quarter ended December 31, 2015, meaningfully higher than 2.70% in the December 2014 quarter. We have witnessed a positive trend of both revenue per annual active buyer and mobile revenue per mobile user, as illustrated in the table at the end of this declaration and these charts.

We believe improving monetization in the future will be driven by the rising value we create for customers on our platform. A increasing percentage of our China commerce retail revenue will likely come from the monetization of user engagement that assists brands and merchants build long-term relationships with consumers. Accordingly, we expect revenue to grow faster than GMV for the foreseeable future.

Singles Day – The Singles Day shopping festival, which originated on Tmall in 2009, has become the largest shopping day in the world. On November 11, 2015, we attracted over 115 million buyers to our marketplaces and enabled RMB91.2 billion (US$14 billion) in GMV settled through Alipay on our platforms. Our success on Singles Day was a testament to the scalability of our ecosystem. Our platforms processed 467 million delivery orders during a 24-hour period. Our cloud computing technology infrastructure enabled about 140,000 peak transactions processed per second. The ability to manage a surge of more than ten times our normal daily volume demonstrates how Alibaba is redefining the infrastructure for commerce.

Singles Day also meant the realization of our vision to enable shopping anytime, anywhere through mobile. On that day, 95 million mobile users made purchases on Tmall and Taobao Marketplace, demonstrating our unrivaled leadership position in mobile commerce.

Market share gains – We have taken aggressive steps to capture market share in key cities and key categories. In the December quarter, we witnessed strong year-on-year GMV growth in the first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen. We established mind-share gains in the first-tier cities through, among other things, Tmall Supermarket, where consumers make high-frequency purchases in groceries and everyday items, supported by delivery services by our logistics partners who offer same day delivery in seven cities and next-day delivery in 88 cities.

In consumer electronics, we leveraged Singles Day to strengthen our value proposition and branding, as 22 million consumers made purchases on Tmall’s electronics channel and we witnessed record-breaking sales of over three million cell phones that day. In big home appliances, we worked with Cainiao and its logistics partners to enhance customer experience by focusing on fast, high-quality delivery and installation services. As a result, Tmall’s large home appliances category has sustained growth that significantly outpaced overall market growth over the past several quarters. The Tmall consumer electronics channel also made exceptional progress in working with merchants that develop innovative “intelligent” devices, enabling the sale of four million smart-home devices during the December quarter. We believe these initiatives have improved Tmall’s position as a leading platform for consumer electronics and established share gains in this competitive category.

Rural Taobao – As of the end of the December quarter, we had a presence in over 12,000 rural villages, where we provide purchasing and delivery services. In 2016 we introduced for the first time the Alibaba Chinese New Year Shopping Festival. Agricultural products from rural China will be showcased and made available to urban consumers via Rural Taobao, encouraging Chinese consumers to buy domestically produced fresh foods and other agricultural products. Presently, Rural Taobao has a presence in nearly all provinces in China.

Cloud computing – In the December quarter, revenue from our cloud computing and Internet infrastructure business continued to grow rapidly to RMB819 million (US$126 million), representing a year-over-year improvement of 126%. Our cloud computing division, AliCloud, has made noteworthy progress in the development of customers, products, technology and an ecosystem of more than 20,000 developers.

International operations – Our globalization strategy is focused on cross-border commerce that allows international brands and retailers to sell online to Chinese consumers. We are assisting international brands, retailers and small businesses recognize the power of the Alibaba platform as a gateway to China consumers. On Singles Day, 30 million active buyers purchased products from over 16,000 international brands. Tmall Global, our channel dedicated to global imports, witnessed 179% year-over-year growth in the December quarter, with more than 200 international brands, counting Coca-Cola, Starbucks, Lululemon and Clarisonic, opening flagship stores on Tmall.

Logistics – We continue to fortify our market leadership in both main cities and rural areas in China. Through our logistics information systems associate Cainiao and its partners, customers enjoy same-day delivery in Beijing, Shanghai, Chengdu, Guangzhou, Hangzhou, Suzhou and Wuhan, and next day delivery was offered in 88 cities in the December quarter, an improvement from 41 cities in the June quarter. Through efficiency gains in dispatch of parcels, inventory planning and data analytics, faster delivery time in 2015 contrast to the previous year has improved customer satisfaction.

Our category specific logistics strategy is bearing fruit, with specialty services that differentiate our shopping experience from that of our competitors. Through Cainiao, we cooperated with RRS, our joint venture with Haier, to improvement warehouse capacity dedicated to big appliances, allowing for more efficient inventory placement strategies for merchants. Integration of Suning’s logistics systems with Cainiao is complete, allowing for inclined parcel tracking and improving customer experience. Suning cooperates with Cainiao to fulfill bulky items for Tmall Supermarket and offers installation and after-sales services through its retail outlets and service locations. In the December quarter, our last-mile delivery partner YTO Express and Best Logistics launched a service that guarantees the delivery time to customers, working closely with Cainiao to define the service standard and integrate data flow to enable delivery efficiency.

DingTalk – We have developed an innovative and fast increasing entrant to the networked communication space, focused on the enterprise sector. We designed DingTalk to improve communication and joint venture among team members and enterprises of various sizes. With the built-in enterprise directory, users can easily initiate chats or conference calls with team members, in addition to secured group chats. DingTalk unifies the tasks of critical communication and joint venture in the work place. As of December 31, 2015, there were over one million enterprises and organizations using DingTalk.

Free Cash Flow – We continue to generate noteworthy free cash flow. Our cash flow allows us planned and operational flexibility to invest in technology and acquire the resources to accomplish our planned objectives. In the December quarter, we generated RMB23,719 million (US$3,662 million) in free cash flow.

Annual active buyers – Our China retail marketplaces had 407 million annual active buyers in the twelve months ended December 31, 2015, contrast to 386 million in the twelve months ended September 30, 2015, representing a net addition of 21 million annual active buyers, and contrast to 334 million in the twelve months ended December 31, 2014, representing an improvement of 22% contrast to the same period in 2014. The growth in annual active buyers was driven by an improvement in users accessing our platforms through mobile devices, which in turn was a result of our ongoing efforts to attract users with strong commercial intent to our mobile e-commerce apps, especially our Mobile Taobao App, and convert them into active buyers with our effective mobile interface. Our active buyers raised throughout China, with continued strong increase in both first-tier and lower tier cities. In addition, both the average number of orders per active buyer and the average number of categories purchased per active buyer raised in the twelve months ended December 31, 2015 contrast to the same period in 2014.

Mobile MAUs – Mobile MAUs on our China retail marketplaces grew to 393 million in the month ended December 31, 2015, contrast to 346 million in the month ended September 30, 2015, representing a net addition of 47 million MAUs over the quarter and a 48% improvement from 265 million in the month ended December 31, 2014. The increase in mobile MAUs in this quarter was primarily due to inclined promotion of our mobile apps.

GMV – GMV transacted on our China retail marketplaces in the quarter ended December 31, 2015 was RMB964 billion (US$149 billion), an improvement of 23% contrast to RMB787 billion in the same quarter of 2014, representing an absolute year-over-year improvement of RMB177 billion (US$27 billion). GMV transacted on Taobao Marketplace in the quarter ended December 31, 2015 was RMB563 billion (US$87 billion), an improvement of 14% contrast to the same quarter of 2014. GMV transacted on Tmall in the quarter ended December 31, 2015 was RMB401 billion (US$62 billion), an improvement of 37% contrast to the same quarter of 2014. The increase of total GMV transacted on our China retail marketplaces was primarily driven by an improvement in the number of active buyers.

Mobile GMV transacted on our China retail marketplaces in the quarter ended December 31, 2015 was RMB651 billion (US$101 billion), an improvement of 99% contrast to the same quarter of 2014. Mobile GMV accounted for 68% of total GMV transacted on our China retail marketplaces in this quarter, contrast to 62% in the quarter ended September 30, 2015 and 42% in the quarter ended December 31, 2014. The increase was driven primarily by an improvement in consumers accessing our platforms through mobile devices and also by an improvement in the level of their spending.

Revenue – Revenue for the quarter ended December 31, 2015 was RMB34,543 million (US$5,333 million), an improvement of 32% contrast to RMB26,179 million in the same quarter of 2014. The improvement was mainly driven by the continued rapid growth of our China commerce retail business.

China commerce retail business – Revenue from our China commerce retail business in the quarter ended December 31, 2015 was RMB28,714 million (US$4,433 million), or 83% of total revenue, an improvement of 35% contrast to RMB21,275 million in the same quarter of 2014. Revenue from our China commerce retail business raised at a higher rate than GMV growth on our China retail marketplaces because of the robust growth in online marketing services revenue. The growth was primarily driven by our focus on high-quality merchants and on delivering a broader value proposition to our merchants. This resulted in higher marketing spend by our merchants as we optimized online marketing efficiency and added new online marketing inventory on both mobile and PC interfaces. Commission revenue as a percentage of China commerce retail revenue was 32% in the quarter ended December 31, 2015.

Mobile revenue from the China commerce retail business in the quarter ended December 31, 2015 was RMB18,746 million (US$2,894 million), or 65% of our China commerce retail revenue, an improvement of 192% contrast to RMB6,420 million, or 30% of the China commerce retail revenue, in the same quarter of 2014. This year-over-year improvement in mobile revenue in both absolute terms and as a percentage of total revenue from the China commerce retail business was due to an improvement in GMV generated on mobile devices and better monetization of mobile transactions and usage.

Our monetization rate was 2.98% in the quarter ended December 31, 2015, contrast to 2.70% in the same quarter of 2014. The mobile monetization rate in the quarter ended December 31, 2015 was 2.88%, contrast to 1.96% in the same quarter of 2014.

China commerce wholesale business – Revenue from our China commerce wholesale business in the quarter ended December 31, 2015 was RMB1,162 million (US$179 million), an improvement of 35% contrast to RMB860 million in the same quarter of 2014. The improvement was due to an improvement in average revenue from paying members and an improvement in paying members.

International commerce retail business – Revenue from our international commerce retail business in the quarter ended December 31, 2015 was RMB632 million (US$97 million), an improvement of 14% contrast to RMB554 million in the same quarter of 2014. The improvement was primarily due to an improvement in GMV transacted on AliExpress.

International commerce wholesale business – Revenue from our international commerce wholesale business in the quarter ended December 31, 2015 was RMB1,430 million (US$221 million), an improvement of 18% contrast to RMB1,209 million in the same quarter of 2014. The improvement was due to growth in revenue generated by the import/export related services offered by OneTouch.

Cloud computing and Internet infrastructure business – Revenue from our cloud computing and Internet infrastructure business in the quarter ended December 31, 2015 was RMB819 million (US$126 million), an improvement of 126% contrast to RMB362 million in the same quarter of 2014, driven by the continued rapid growth of our cloud computing business. The growth was primarily due to an improvement in the number of paying customers and also to an improvement in their usage of our cloud computing services counting more complex offerings, such as our content delivery network and database services.

Others – Other revenue in the quarter ended December 31, 2015 was RMB1,786 million (US$277 million), contrast to RMB1,919 million in the same quarter of 2014. This result was primarily due to the decrease in revenue from the SME loan business that we transferred to Ant Financial in February 2015, partially offset by the improvement in mobile Internet services revenue offered by our UCWeb and AutoNavi businesses. Not Taking Into Account revenue from the SME loan business from both periods, other revenue would have raised 62% to RMB1,570 million in the quarter ended December 31, 2015 from RMB970 million in the same quarter of 2014.

Cost of revenue – Cost of revenue in the quarter ended December 31, 2015 was RMB10,951 million (US$1,691 million), or 32% of revenue, contrast to RMB7,520 million, or 29% of revenue, in the same quarter of 2014. Without the effect of share-based compensation expense, cost of revenue as a percentage of revenue raised in the quarter ended December 31, 2015. This improvement was due primarily to an improvement in costs associated with our new businesses initiatives (mainly our mobile operating system, over-the-top TV services and entertainment) and also to an improvement in traffic acquisition cost as a result of the expansion of our third-party associate marketing program operated by Alimama.

Product development expenses – Product development expenses in the quarter ended December 31, 2015 were RMB3,749 million (US$579 million), or 11% of revenue, contrast to RMB3,083 million, or 12% of revenue, in the same quarter of 2014. Without the effect of share-based compensation expense, product development expenses as a percentage of revenue would have reduced in the quarter ended December 31, 2015, which reflected our operating leverage.

Sales and marketing expenses – Sales and marketing expenses in the quarter ended December 31, 2015 were RMB3,641 million (US$562 million), or 11% of revenue, contrast to RMB3,021 million, or 12% of revenue, in the same quarter of 2014. Without the effect of share-based compensation expense, sales and marketing expenses as a percentage of revenue would have reduced in the quarter ended December 31, 2015, which reflected our operating leverage.

General and administrative expenses – General and administrative expenses in the quarter ended December 31, 2015 were RMB2,500 million (US$386 million), or 7% of revenue, contrast to RMB2,419 million, or 9% of revenue, in the same quarter of 2014. Without the effect of share-based compensation expense, general and administrative expenses as a percentage of revenue in the quarter ended December 31, 2015 would have remained stable contrast to the same quarter of 2014.

Share-based compensation expense – Share-based compensation expense comprised in cost and expense items above in the quarter ended December 31, 2015 was RMB4,370 million (US$675 million), or 13% of revenue, contrast to RMB4,313 million, or 16% of revenue, in the same quarter of 2014.

Income from operations – Income from operations in the quarter ended December 31, 2015 was RMB12,434 million (US$1,919 million), or 36% of revenue, an improvement of 33% contrast to RMB9,347 million, or 36% of revenue, in the same quarter of 2014.

Non-GAAP EBITDA and Non-GAAP EBITDA margin – Non-GAAP EBITDA raised by 27% to RMB19,111 million (US$2,950 million) in the quarter ended December 31, 2015, contrast to RMB15,103 million in the same quarter of 2014. Non-GAAP EBITDA margin reduced to 55% in the quarter ended December 31, 2015 from 58% in the same quarter of 2014. We will continue to invest a portion of our free cash flow in new businesses and attained businesses, and the growth of our new investment spending may be higher than our overall revenue growth. A reconciliation of income from operations to non-GAAP EBITDA is comprised at the end of this results declaration.

Interest and investment income, net – Interest and investment income, net in the quarter ended December 31, 2015 was RMB2,944 million (US$455 million), a noteworthy improvement from RMB313 million in the same quarter of 2014. The improvement was primarily due to a gain arising from the sale of our movie-related businesses to Alibaba Pictures, in addition to gains from disposals of certain investments, partially offset by impairment of certain investments recognized during the quarter.

Interest expense – Interest expense in the quarter ended December 31, 2015 was RMB475 million (US$73 million), a decrease of 65% contrast to RMB1,344 million in the same quarter of 2014. Interest expense in the quarter ended December 31, 2014 comprised an RMB830 million one-time charge for financing-related fees as a result of the early repayment of our US$8 billion bank borrowings with proceeds from our issuance of US$8 billion senior unsecured notes. Without this one-time charge, interest expense in the quarter ended December 31, 2014 would have been RMB514 million.

Other income, net – Other income, net in the quarter ended December 31, 2015 was RMB1,607 million (US$248 million), an improvement of 78% contrast to RMB901 million in the same quarter of 2014. The improvement was primarily due to an improvement in exchange gains and an improvement in royalty fees and software technology services fees received from Ant Financial, which were RMB502 million (US$77 million) in the quarter ended December 31, 2015, contrast to RMB411 million in the same quarter of 2014.

Income tax expenses – Income tax expenses in the quarter ended December 31, 2015 were RMB3,559 million (US$549 million), an improvement of 47% contrast to RMB2,429 million in the same quarter of 2014. Our effective tax rate reduced to 22% in the quarter ended December 31, 2015 from 26% in the same quarter of 2014. Not Taking Into Account share-based compensation expense, impairment of goodwill, intangible assets and investments, in addition to other unrealized investment gain/loss, our effective tax rate would have been 16% in the quarter ended December 31, 2015, contrast to 17% in the same quarter of 2014.

Net income and Non-GAAP net income – As a result of the foregoing, our net income in the quarter ended December 31, 2015 was RMB12,456 million (US$1,923 million), an improvement of 108% contrast to RMB5,983 million in the same quarter of 2014. Non-GAAP net income in the quarter ended December 31, 2015 was RMB16,358 million (US$2,525 million), an improvement of 25% contrast to RMB13,115 million in the same quarter of 2014. A reconciliation of net income to non-GAAP net income is comprised at the end of this results declaration.

Net income attributable to ordinary shareholders – Net income attributable to ordinary shareholders in the quarter ended December 31, 2015 was RMB12,498 million (US$1,929 million), an improvement of 111% contrast to RMB5,936 million in the same quarter of 2014.

Diluted EPS and non-GAAP diluted EPS – Diluted EPS in the quarter ended December 31, 2015 was RMB4.90 (US$0.76) on a weighted average of 2,550 million diluted shares outstanding during the quarter, an improvement of 114% contrast to RMB2.29 on a weighted average of 2,588 million diluted shares outstanding during the same quarter of 2014. Non-GAAP diluted EPS in the quarter ended December 31, 2015 was RMB6.43 (US$0.99), an improvement of 27% contrast to RMB5.05 in the same quarter of 2014. A reconciliation of diluted EPS to non-GAAP diluted EPS is comprised at the end of this results declaration.

Cash, cash equivalent and short-term investments – As of December 31, 2015, cash, cash equivalents and short-term investments were RMB118,323 million (US$18,266 million), contrast to RMB105,691 million as of September 30, 2015.

Cash flow from operating activities and free cash flow – Net cash offered by operating activities in the quarter ended December 31, 2015 was RMB26,230 million (US$4,049 million), an improvement of 35% contrast to RMB19,408 million in the same quarter of 2014. Free cash flow, a non-GAAP measurement of liquidity, in the quarter ended December 31, 2015 was RMB23,719 million (US$3,662 million), contrast to RMB22,924 million in the same quarter of 2014. A reconciliation of net cash offered by operating activities to free cash flow is comprised at the end of this results declaration.

Net cash used in investing activities – During the quarter ended December 31, 2015, net cash used in investing activities of RMB14,271 million (US$2,203 million) mainly comprised investment and acquisition activities of RMB14,074 million (US$2,173 million) primarily in media, emerging technologies, ecommerce, travel and local services, in addition to capital expenditures of RMB4,896 million (US$756 million), which comprised cash outflow for acquisition of land use rights and construction in progress of RMB2,531 million (US$391 million).

]]>http://www.wsnewspublishers.com/share-of-technology-company-alibaba-group-holding-ltd-nysebaba-states-december-quarter-2015-results/1546508/feed/0International Business Machines Corp stated fourth-quarter 2015 diluted earnings from ongoing operations of $4.59 per share, down 17 percent year-to-year.http://www.wsnewspublishers.com/international-business-machines-corp-stated-fourth-quarter-2015-diluted-earnings-from-ongoing-operations-of-4-59-per-share-down-17-percent-year-to-year/1546504/
http://www.wsnewspublishers.com/international-business-machines-corp-stated-fourth-quarter-2015-diluted-earnings-from-ongoing-operations-of-4-59-per-share-down-17-percent-year-to-year/1546504/#respondThu, 21 Jan 2016 09:23:00 +0000http://www.wsnewspublishers.com/?p=46504International Business Machines Corp.(IBM: NYSE) stated fourth-quarter 2015 diluted earnings from ongoing operations of $4.59 per share, down 17 percent year-to-year. Operating diluted earnings from ongoing operations were $4.84 per share, contrast with operating diluted earnings of $5.81 per share in the fourth quarter of 2014, down 17 percent. The prior-year gain from the divestiture of the System x business influenced operating diluted earnings per share from ongoing operations by 20 points.

Fourth-quarter net revenue from ongoing operations was $4.5 billion contrast with $5.5 billion in the fourth quarter of 2014, down 19 percent. Operating net revenue was $4.7 billion contrast with $5.8 billion in the fourth quarter of 2014, down 19 percent. The prior-year gain from the divestiture of the System x business influenced operating net income by 19 points.

Total revenues from ongoing operations for the fourth quarter of 2015 of $22.1 billion were down 9 percent (down 2 percent adjusting for currency) from the fourth quarter of 2014.

Fourth-quarter operating diluted earnings exclude $0.25 per share of charges: $0.11 per share for the amortization of purchased intangible assets and other acquisition-related charges, and $0.14 per share for non-operating retirement-related charges driven by changes to plan assets and liabilities primarily related to past market performance.

Fourth-quarter revenues from the organization’s planned imperatives — cloud, analytics and engagement — inclined 10 percent year to year (up 16 percent adjusting for currency). For the full year, revenues from planned imperatives raised 17 percent (up 26 percent adjusting for currency and the divested System x business) to $28.9 billion and now represent 35 percent of total IBM merged revenue.

For the full year, total cloud revenues (public, private and hybrid) inclined 43 percent (up 57 percent adjusting for currency and the divested System x business) to $10.2 billion. Revenues for cloud delivered as a service — a subset of the total cloud revenue — inclined 50 percent to $4.5 billion; and the annual as-a-service run rate inclined to $5.3 billion from $3.5 billion in the fourth quarter of 2014. Revenues from business analytics raised 7 percent (up 16 percent adjusting for currency) to $17.9 billion. Revenues from mobile more than tripled and from security raised 5 percent (up 12 percent adjusting for currency).

Revenues from the Software segment were down 11 percent to $6.8 billion (down 6 percent adjusting for currency) contrast with the fourth quarter of 2014.

The organization’s total gross profit margin from ongoing operations was 51.7 percent in the 2015 fourth quarter contrast with 53.3 percent in the 2014 fourth quarter. Total operating (non-GAAP) gross profit margin from ongoing operations was 52.7 percent in the 2015 fourth quarter contrast with 53.9 percent in the 2014 fourth quarter.

Total expense and other income from ongoing operations inclined to $6.3 billion, up 9 percent contrast to the prior-year period. S,G&A expense of $5.2 billion reduced 15 percent year over year. R,D&E expense of $1.4 billion inclined 3 percent year to year; the related expense-to-revenue ratio raised to 6.2 percent contrast with 5.5 percent in the year-ago period. Other (income) and expense was revenue of $146 million contrast with prior-year income of $1.5 billion. Intellectual property and custom development revenue was $193 million and interest expense was $128 million.

IBM’s tax rate from ongoing operations was 12.5 percent, down 9.7 points year over year; the operating (non-GAAP) tax rate was 14.7 percent, down 7.1 points contrast to the year-ago period driven by current period discrete items.

The company generated full-year free cash flow of $13.1 billion, not taking into account Global Financing receivables, up $0.7 billion contrast to 2014. The company returned $9.5 billion to shareholders through $4.9 billion in dividends and $4.6 billion of gross share repurchases. The balance sheet remains strong and is well positioned to support the business over the long term.

At the end of December 2015, IBM: NYSE had about $5.6 billion remaining from the current share repurchase authorization.

Diluted earnings per share from ongoing operations were $13.60, down 13 percent contrast to the 2014 period. Net income from ongoing operations for the twelve months ended December 31, 2015 was $13.4 billion contrast with $15.8 billion in the year-ago period, a decrease of 15 percent.

Merged net revenue was $13.2 billion contrast to $12.0 billion in the year-ago period, counting operating net losses in suspended operations related to the divested Microelectronics business. Merged diluted earnings per share were $13.42 contrast to $11.90, up 13 percent year to year. Revenues from ongoing operations for the twelve-month period totaled $81.7 billion, a decrease of 12 percent (down 1 percent year to year, adjusting for currency and divested businesses) contrast with $92.8 billion for the first twelve months of 2014.

Share of International Business Machines Corp.(NYSE:IBM) dropped -4.89% and closed at $121.85.

Itau Unibanco Holding S.A. ITUB, one of the largest banks by assets in Brazil has inked a deal to acquire the struggling investment bank, Banco BTG Pactual S.A.’s entire stake in debt collection company – Recovery do Brasil Consultoria S.A.

According to a statement released on Thursday, after obtaining regulatory approvals Itau Unibanco will pay R$ 640 million ($162 million) for BTG Pactual’s 81.94% stake in Recovery. Further, Itau Unibanco will acquire about 70% of BTG Pactual’s R$ 38 billion portfolio of non-performing loans for R$ 570 million ($144 million).

Recovery, which was founded in Argentina in 2000 and has presence in Brazil since 2006, is a major player in delinquent credit portfolio administration and administration. The World Bank’s private investment wing – The International Finance Corporation – and the company’s senior administration will retain their minority stakes in Recovery.

BTG capital is offloading assets to boost liquidity and gain client confidence after it went into trouble following the arrest of its founder and former chief executive officer André Esteves on Nov 25. Esteves, who was charged with obstruction of justice and interference in the investigation in a corruption case involving the Brazilian state-run energy giant Petrobras, denied any wrongdoing and is presently under house arrest.

Digital payments leader PayPal Holdings, Inc. (PYPL), a truly global payments platform, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, John McCabe, SVP, Global Operations of PayPal will ring the Closing Bell.

PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions across company’s payments platform, counting PayPal, PayPal Credit, Venmo, and Braintree products.

American Express Company (NYSE:AXP)‘s shares dipped – 2.07% to $64.89.

American Express Company (AXP) plans to host a live audio webcast of its earnings conference call at 5:00 p.m. (ET) on Thursday, January 21, 2016 to discuss fourth quarter and full-year 2015 financial results. The company’s financial results are planned to be declared shortly after the market closes that day.

The live audio webcast will be accessible to the general public through the American Express Investor Relations website at http://ir.americanexpress.com. Earnings presentation materials will be posted on the website before the conference call and an audio replay will be available on the website following the call.

American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.

Citi has launched two new indices to its family of market capitalization-weighted benchmarks, and one new index to its family of alternatively-weighted benchmarks.

The two market capitalization-weighted indices, the Citi Emerging Markets Broad Bond Index (EMUSDBBI) and the Citi Emerging Markets Corporate Capped Extended Broad Bond Index (EMUSDBBI Corp Capped Extended), expand Citi’s index coverage of emerging markets, and complement Citi’s existing local currency government and corporate bond indices by measuring the performance of investment grade and high yield U.S. dollar denominated debt domiciled in emerging markets. More specifically, the EMUSDBBI offers broad coverage of governments and corporations from over 60 markets, while the EMUSDBBI Corp Capped Extended focuses on corporate debt in over 45 markets and imposes a maximum par amount with respect to any single issuer.

Driving innovation outside the traditional market capitalization-weighted benchmarking space, Citi has also introduced the Citi Time-Weighted U.S. Fallen Angel Bond Index. The index is designed to measure the performance of corporate “fallen angels,” high yield bonds that were formerly rated investment grade. Unlike traditional market capitalization-weighted indices, constituents’ weights are based on their time from inclusion in the index. This time-based weighting approach aims to capture the price rebound effect that fallen angels tend to experience soon after their initial downgrade to high yield. An additional capping mechanism is in place to assist manage concentration risk.

JPMorgan Chase & Co. will post its fourth-quarter and full-year 2015 financial results at about 6:45 a.m. EST on January 14, 2016 on the Firm’s Investor Relations website at jpmorganchase.com/latest-earnings.

JPMorgan Chase will notify investors that earnings results have been issued through its social media outlet @JPMorgan and @Chase on Twitter, and by a press release over Business Wire that will provide the link to the Firm’s Investor Relations website. Additionally, subscribers who have signed up to receive news directly through JPMorgan Chase’s Investor Relations website will continue to receive a notification of the results.

JPMorgan Chase will not issue a press release over a wire service containing its full quarterly earnings results this quarter. In addition to being available on the Firm’s Investor Relations website, the earnings results will also be filed with the Securities and Exchange Commission (“SEC”) on a Form 8-K, which will be available on the SEC website at http://www.sec.gov.

JPMorgan Chase & Co. is a financial services firm. The company operates through four segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking, and Asset Administration.

Wells Fargo & Co (NYSE:WFC)‘s shares dipped – 1.23% to $52.24.

Wells Fargo & Company (WFC) has committed $2 million over the next four years to Scholarship America to develop and implement the Wells Fargo Veterans Scholarship Program and the Wells Fargo Veterans Emergency Grant Program. The needs-based scholarships and grants will assist veterans and spouses of disabled veterans obtain education or training necessary to successfully integrate back into civilian life.

“American veterans are important to the strength of our country and our company, which is why we want to make sure they are able to contribute their talents to our workforce,” said Jerry Quinn, Wells Fargo Military & Veteran Program Manager. “Our work with Scholarship America will assist fill some of the financial gaps our veterans and their families face with scholarships and emergency aid that will assist set them on a course to success.”

“Wells Fargo’s generous commitment of scholarships and emergency aid for veterans is a powerful combination that will assist many veterans and families by making the path to civilian life more attainable and affordable,” said Bob Ballard, president & CEO, Scholarship America. “Wells Fargo is modeling the way.”

The commodity is reversing Monday’s gains as concerns regarding China’s economic growth and a strong dollar weigh. Oil prices rallied on Monday following escalating tensions in the Middle East between Saudi Arabia and Iran.

Chinese markets are ongoing to decline, having dipped by 7% on Tuesday, Reuters reports. Trading in China, the world’s second largest oil consumer, was halted on Monday after a sharp selloff which followed the release of the country’s latest manufacturing data.

“Last year we talked about supply and demand even surprised on the upside. But with this news flow from China, demand fears have come back,” oil analyst at Baden-Wuerttemberg told Reuters.

Oasis Petroleum is a Houston-based independent oil and exploration company.

Crude oil (WTI) is declining by 1.58% to $36.18 per barrel this afternoon and Brent crude is lower by 2.10% to $36.44 per barrel, according to the CNBC.com index.

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.

California Resources Corporation (CRC) declared that Mark Smith, Senior Executive Vice President & CFO, will be participating in a panel negotiation at the Goldman Sachs Global Energy Conference in Miami on January 6th, 2016.

The slides utilized at the conference will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section on crc.com.

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids.

Cabot Oil & Gas Corporation (COG) declared that its Board of Directors declared a regular dividend of two cents ($0.02) per share on the Company’s common stock. The dividend will be paid February 12, 2016 to all shareholders of record as of the close of business January 29, 2016.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading independent natural gas producer with its entire resource base located in the continental United States. For additional information, visit the Company’s homepage at www.cabotog.com.

Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with about 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with about 89,000 net acres in the oil window of the play.

Alcoa (AA) will hold a conference call on Monday, January 11 starting at 5:00 p.m. ET to discuss fourth quarter and year end 2015 results and business developments. The conference call will be webcast live via Alcoa’s website, www.alcoa.com, with presentation materials available online at 4:15 p.m. ET.

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum. The Global Rolled Products segment produces and sells aluminum plates, sheets, and foils, in addition to rigid container sheets for food and beverage packaging markets.

Whiting Petroleum Corp (NYSE:WLL)’s shares dropped -10.51% to $8.10. The market capitalization of Whiting Petroleum Corp (NYSE:WLL) is $1.95 billion with the total traded volume of the company is 7.87M. Turning to market valuation, the Price-to-Sales ratio is 0.79 and the Price-to-Book ratio is finally 0.38. The beta ratio has a value of 2.36.

Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.

Exxon Mobil Corporation (NYSE:XOM)‘s shares dropped -0.86% to $77.45.

Exxon Mobil Corporation (XOM) declared that it will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas.

“Our thoughts are with all who have been influenced by the devastating tornadoes, and especially with the families who lost loved ones during the holiday season,” said Rex W. Tillerson, chairman and chief executive officer. “We hope that this donation to the Red Cross will assist our neighbors and friends in north Texas during this difficult time.”

ExxonMobil’s donation is being directed to the American Red Cross North Texas Region, which is providing food, shelter, counseling and other assistance to the victims of the disaster. The American Red Cross responds to about 70,000 disasters in the United States every year, ranging from home fires to large-scale natural disasters.

ExxonMobil, headquartered in Irving, and its Fort Worth-based XTO Energy partner employ more than 2,300 people in the north Texas region.

Exelixis, Inc. (EXEL) declared the presentation of positive data from subgroup analyses of METEOR, the phase 3 pivotal trial comparing cabozantinib to everolimus in 658 patients with renal cell carcinoma (RCC) who have practiced disease progression following treatment with a VEGF receptor tyrosine kinase inhibitor (TKI). Cabozantinib treatment resulted in benefits in progression-free survival (PFS), the trial’s primary endpoint, and objective response rate (ORR), a secondary endpoint, across various prespecified and post-hoc analysis subgroups. Importantly, observed benefits were independent of the location and number of organ metastases, tumor burden, the type, duration and number of prior VEGF receptor TKI therapies, and prior PD-1/PD-L1 therapy.

Bernard Escudier, M.D., chair of the Genitourinary Oncology Committee at the Institut Gustave Roussy (Villejuif, France) and an investigator on the METEOR trial, summarized the results during a press briefing in advance of the American Society of Clinical Oncology 2016 Genitourinary Cancers Symposium (ASCO GU), which is being held January 7-9, 2016 in San Francisco. Dr. Escudier will formally present the data (Abstract #499) at ASCO GU during an oral presentation session starting at 2:45 p.m. PT on Saturday, January 9, 2016.

“In the METEOR trial, cabozantinib was formerly associated with statistically noteworthy improvements in progression-free survival and objective response rate as contrast to everolimus, a standard of care in the second-line renal cell carcinoma treatment setting,” said Dr. Escudier. “This latest data set demonstrates that these benefits are favorable across a variety of prespecified and post-hoc subgroups, counting patients who have received prior therapy with immune checkpoint inhibitors. In addition, cabozantinib was active in patients with low and high tumor burden, counting patients with both bone and visceral metastases. Collectively, the data from METEOR suggest that cabozantinib could become an important addition to the renal cell carcinoma treatment landscape if approved.”

As formerly declared, the METEOR trial met its primary endpoint of demonstrating a statistically noteworthy improvement in PFS for cabozantinib as contrast to everolimus, as determined by an independent radiology committee. Per the trial protocol, the primary analysis was conducted among the first 375 patients randomized to ensure sufficient follow up and a PFS profile that would not be primarily weighted toward early events. The median PFS for this population was 7.4 months for the cabozantinib arm as contrast to 3.8 months for the everolimus arm, corresponding to a 42% reduction in the rate of disease progression or death for cabozantinib as contrast to everolimus (hazard ratio [HR]=0.58, 95% confidence interval [CI] 0.45-0.75, p<0.001). These data were later presented at the European Cancer Congress (ECC) in September 2015 and co presently published in The New England Journal of Medicine.

Exelixis, Inc., a biopharmaceutical company, develops and sells small molecule therapies for the treatment of cancer in the United States. The company offers COMETRIQ, an inhibitor of multiple receptor tyrosine kinases for the treatment of patients with progressive, metastatic medullary thyroid cancer.

Shares of Gilead Sciences, Inc. (NASDAQ:GILD), inclined 0.86% to $100.13, during its current trading session.

Gilead Sciences, Inc. (Nasdaq:GILD) declared that the company is stopping its Phase 2 clinical study of the investigational monoclonal antibody simtuzumab among patients with idiopathic pulmonary fibrosis (IPF). This decision follows an analysis of unblinded efficacy and safety data by the study’s Data Monitoring Committee (DMC), which recommended that the study be terminated early due to lack of efficacy. Gilead has also reviewed the data and determined the study has not shown evidence of a treatment benefit in the group of patients randomized to receive simtuzumab.

Separately, Phase 2 studies of simtuzumab are ongoing in patients with non-alcoholic steatohepatitis (NASH) and primary sclerosing cholangitis (PSC). The DMC for these studies also met and recommended the continuation of the studies, which have a 96-week endpoint.

Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical need in North America, South America, Europe, and the Asia-Pacific.

Finally, Shares of Bristol-Myers Squibb Co (NYSE:BMY), lost – 0.75%, and is now trading at $67.83.

Bristol-Myers Squibb Company (BMY) will present at the J.P. Morgan Healthcare Conference on Tuesday, January 12, 2016, in San Francisco. Giovanni Caforio, chief executive officer, will make a formal presentation about the company at 9:30 a.m. PST (12:30 p.m. EST).

Investors and the general public are invited to listen to a live webcast of the presentation at http://investor.bms.com. Materials related to the presentation will be available at the same website at the start of the live webcast. An archived edition of the presentation will be available later that day.

MannKind Corporation (NASDAQ:MNKD) (MNKD) declared the termination of its license and partnership agreement with sanofi-aventis U.S. LLC for the development and commercialization of Afrezza® (insulin human) Inhalation Powder. The parties will promptly commence transition negotiations in order to effect a smooth and orderly transition in the development and commercialization of Afrezza from Sanofi to MannKind over the next 90 – 180 days. In any event, termination of the license agreement in its entirety will be effective no later than six months from the effective date of Sanofi’s notice of termination, or July 4, 2016.

MannKind is reviewing its planned options for Afrezza as a result of the termination of the partnership with Sanofi.

MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States. Its lead product is AFREZZA inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes.

Shares of Pfizer Inc. (NYSE:PFE), declined -1.26% to $31.77, during its current trading session.

Pfizer Inc. invites investors and the general public to listen to a webcast of a joint negotiation with Pfizer and Allergan administration at the 34th Annual J.P. Morgan Healthcare Conference on Tuesday, January 12, 2016 at 10:30 a.m. Pacific Standard Time.

Pfizer speakers will be Ian Read, Chairman and CEO, Mikael Dolsten, President, Worldwide Research and Development, and Albert Bourla, Group President, Vaccines, Oncology and Consumer Healthcare Business. Allergan speakers will be Brent Saunders, CEO and President, David Nicholson, Executive Vice President and President, Global Brands Research & Development, and William Meury, Executive Vice President and President, Branded Pharma.

Finally, Shares of Merck & Co., Inc. (NYSE:MRK), lost -0.66%, and is now trading at $52.80.

Merck (MRK), known as MSD outside the United States and Canada, will hold its fourth-quarter and full-year 2015 sales and earnings conference call with institutional investors and analysts at 8:00 a.m. EST on Wednesday, Feb. 3. During the call, company executives will provide an overview of Merck’s performance for the quarter and full year.

Investors, journalists and the general public may access a live audio webcast of the call on Merck’s website at http://www.merck.com/investors/events-and-presentations/home.html. A replay of the webcast will be available at about 11:00 a.m. EST on Feb. 3 and will remain on the website for 12 months. The sales and earnings news release and supplemental financial disclosures also will be available in the Newsroom and Investor sections of the company’s website at www.merck.com.

Facebook, Inc. (FB) declared that the company’s fourth quarter and full year 2015 financial results will be released after market close on Wednesday, January 27, 2016.

Facebook will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, together with the company’s earnings press release, financial tables and slide presentation.

Following the call, a replay will be available at the same website

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.

Shares of Micron Technology, Inc. (NASDAQ:MU), declined -3.98% to $14.23, during its current trading session.

Micron Technology, Inc. (MU) declared that President Mark Adams will resign for personal health reasons. He will remain with the company until February 1, 2016, to support the transition.

Adams joined Micron in June 2006 and has served as President since February 2012.

“Mark has been a stellar leader and contributor to Micron’s growth and success during his time with the company,” said Micron CEO Mark Durcan. “We thank him for his dedication and service and wish him the very best with his recovery and into the future.”

Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.

Finally, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost – 0.78%, and is now trading at $26.08.

At CES recently Cisco (NASDAQ:CSCO) is showing service providers, media and entertainment companies how they can transform through innovation, and deliver multiscreen TV experiences from one cloud, over any access network, anywhere.

Cisco Infinite™ cloud software video entertainment solutions are presently offered as a service (aaS) to over 70 content and service providers worldwide. These solutions are assisting them grow their businesses by delivering services faster and reducing operating costs.

Cisco declared in September two new Infinite suite products that support the delivery of full-featured TV, counting:

InfiniteHome: A multiscreen video solution for two-way telcos and cable service providers.

Infinite Video: An over-the-top (OTT) video solution for content and service providers; this now supports delivery of content to a broader range of devices, counting Roku boxes, Apple TV and Amazon Fire TV, and multiple companion and second screen devices.

At CES, Cisco is introducing the third member of its Infinite Solutions suite:

Infinite Broadcast: A multiscreen video solution for one-way and hybrid satellite and cable service providers.

D-Smart, the Turkish TV provider of both satellite digital broadcasting and Internet services, is working closely with Cisco to transform its D-Smart Blu multiscreen service with the Cisco®Infinite Broadcast solution.

“We needed a cloud solution that could support our needs to quickly expand the variety of services for our customers across multiple screens. We also needed a new user guide that could simply blend multiple sources of content,” said Erdoğan Şimşek CTO, D-Smart. “Cisco offered us a flexible cloud software solution to easily merge the worlds of online video and live broadcast TV.”

Nissan Motor Co. Ltd. and Microsoft Corp. on Tuesday declared that all Nissan LEAF models and Infiniti models in Europe will have Connect Telematics Systems (CTS) powered by Microsoft Azure. Since the Nissan LEAF’s launch in 2010, more than 200,000 have been sold worldwide, making it the world’s best-selling electric vehicle. Nissan selected Azure to meet customers’ expectations about in-vehicle mobility solutions, create additional ways to interact with their vehicles, and enhance safety.

Nissan designs cars to meet the needs of the next generation of car buyers, the environmentally conscious “digital natives.” Having transformed the performance, practicality and public perception of EVs around the world since the LEAF’s launch, Nissan remains one of the leaders in EV technology. The connectivity to their owners and to the world around them makes electric cars more attractive and convenient. Maps, range prediction, charging station availability, charge status, plus all the services customers have come to expect when inside a vehicle are dependent on that connectivity. Azure provides a global cloud platform with cutting-edge security that allows Nissan to deliver services worldwide to this broad customer base.

Nissan CTS is coupled to Azure, allowing a remote connection to the vehicle. With CTS, Nissan LEAF drivers can perform a range of functions on their car, while not even inside. These comprise using mobile phones to turn on and adjust climate controls and set charging functions remotely even when the vehicle is powered down. An onboard timer can also be programmed to start the charging event.

Shares of AT&T Inc (NYSE:T), declined -1.50% to $34.07, during its current trading session.

AT&T* is building a framework to assist cities better serve their citizens. We’re using Internet of Things (IoT) innovations to create impactful solutions for cities and forming alliances with technology leaders and industry organizations.

AT&T has formed alliances with Cisco, Deloitte, Ericsson, GE, IBM, Intel, and Qualcomm Technologies, Inc. to assist support the new framework, building more connected communities.

We will bring the smart cities framework to several initial spotlight cities and universities that comprise Atlanta, the Georgia Institute of Technology, Chicago and Dallas.

“Atlanta is a great city and, thanks to our partnership with AT&T, it will soon be a smarter city,” said Atlanta Mayor Kasim Reed. “Improving sustainability and increasing public safety are already top priorities for the City of Atlanta. With the integration of AT&T’s Smart City solutions, we will be better positioned to support these initiatives while also enriching the lives of our residents.”

AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.

Finally, Shares of Fitbit Inc (NYSE:FIT), lost -3.25%, and is now trading at $23.48.

Fitbit (FIT), the leader in the connected health and fitness market, recently unveiled the Fitbit Blaze™ smart fitness watch, its smartest, most stylish, most motivating fitness tracker yet. The latest addition to Fitbit’s award-winning line of innovative devices, Fitbit Blaze is available recently for presale with global retail availability starting in March 2016. Fitbit Blaze is a smart fitness watch built to assist you make the most of your workouts, with a versatile design to fit your personal style, and the smart notifications that matter most – all in one sleek timepiece that fits seamlessly into your life:

Focus on style featuring a slim design, easily interchangeable bands and frames, and a beautiful, color touchscreen with a variety of clock faces to fit your personal style

Curated to fit your life and focused on the features that make tracking your health and fitness easier, Fitbit Blaze comprises the smart notifications that matter most, like call, text and calendar alerts, so you can stay connected to what’s important, and a long battery life of up to 5 days allows you to keep up with your life, day and night

“One of the first things we learned in this industry is that fitness is personal – and if something isn’t your style, you won’t wear it,” said James Park, CEO and Co-Founder of Fitbit. “With Fitbit Blaze, we pushed the boundaries of what’s possible to create a beautiful, versatile device that can be customized to fit your personal style – while packing a powerful fitness punch to assist you reach your aims. Fitbit Blaze delivers a combination of innovative features that were carefully selected with intention and purpose, designed to motivate and offer a fitness experience that is more effortless and more useful with advanced guidance and coaching.”

Fitbit Inc. manufactures and provides wearable fitness-tracking devices worldwide. The company makes both wrist bands and clippable devices that monitor a user’s fitness activity by tracking the calories burned or distance covered.